Glossary Flashcards
(G) employee profiles
Profiles of a workers developed by studying an organization’s top performers to recruit similar types of people.
(G) recruiting process outsourcing (RPO)
The practice of outsourcing an organization’s recruiting function to an outside firm.
The broad factors that can affect a firm’s recruiting strategy
include a firm’s recruiting abilities, whether to recruit externally or internally, the labour market for the types of positions it is recruiting for, including global labour
markets, and the strength of a firm’s employment “brand.”
Should A Firm Recruit Internally Or Externally?
Most managers try to follow a policy of filling job vacancies above the entry-level position through promotions and transfers.
potential limitations of recruiting internally:. For example, jobs that require specialized training and experience cannot always be easily filled from within the organization and may need to be filled from the outside. This is especially common in small organizations, where the existing talent pool is limited. Potential candidates from the outside should also be considered to prevent the “inbreeding” of ideas and attitudes. Chief executive officers (CEOs) are often hired externally.
Applicants hired from the outside, particularly for certain technical and managerial positions, can be a
source of creativity and innovation. They bring revenue. examples. When these people leave their organizations, their clients often go with them.
Labour Markets
Internal labour markets
A tight labour market, one with low unemployment, might force the employer to advertise heavily and/or seek assistance from local employment agencies.
(G) Internal labour markets
Labour markets in which workers are hired into entry-level jobs and higher levels are filled from within.
Regional and Global Labour Markets
Have you ever noticed that competing firms are often located in the same areas? The clustering occurs because the resources these firms need—both human and natural—are located in some areas and not others. Likewise, because the University of Waterloo.
global sourcing.
Recruiting abroad can be very complicated. In addition to having to deal with a myriad of local, national, and international laws, employers also have to take into account the different labour costs, preemployment and compensation practices, and cultural differences associated with the countries in which they are recruiting. In volatile areas of the world, security is a concern.
(G) global sourcing
The business practice of searching for and utilizing goods and services, including labour from around the world.
(G) branding
A company’s efforts to help existing and prospective workers understand why it is a desirable place to work
9-box grid
A comparative diagram that includes appraisal and assessment data to allow managers to easily see an employee’s actual and potential performance
(and identify training needs)
Identifying Talent through Performance Appraisals
9-box grid
Skill Inventories and Replacement Charts
track their employees this way to locate capable employees who can be recruited to fill open positions. Along with skill inventories, replacement charts are an important tool for succession planning.
Recruiting Externally
sources from which employers recruit externally will vary with the type of position to be filled. Some firms keep detailed statistics by job type on the sources from which their employees are hired.
Advertisements
Advertising has the advantage of reaching a large audience of possible applicants. However, some degree of selectivity can be achieved by using newspapers and journals directed toward a particular group of readers.
Preparing recruiting advertisements not only is time consuming, but also requires creativity in terms of developing their design and message content.
Walk-ins and Unsolicited Applications and Résumés
Walk-in job seekers seeking jobs that pay hourly wages are common in smaller organizations. Employers also receive unsolicited applications and résumés.
Either may or may not be good prospects for employment. However, they are a source that cannot be ignored. In fact, it is often believed that individuals who contact employers on their own initiative will be better employees than those recruited through college placement services or newspaper advertisements.
(G) passive job seekers
People who are not looking for jobs but could be persuaded to take new ones given the right opportunity.
The Internet, Social Networking, and Mobile Recruiting
passive job seekers
mobile recruiting has the advantage of speed, which is important in competitive labour markets and when a firm needs to recruit talent fast. Text messages are also being used to send prospective employees information about jobs.
Using social networks is an inexpensive way to recruit people compared to print ads, which can cost hundreds of dollars to run. But there can still be costs a
recruiter might not necessarily think about…. in one year alone she spent $60,000 on branding.
Another potential drawback of using social media, is that some groups of people are less likely to be “wired.” The disabled are an example.
Job Fairs
Job fairs can be a good way to cast a wide net for diverse applicants in a certain region.
One drawback of job fairs is that although they attract a lot of applicants, many of them might not be qualified. Another problem is that they only attract applicants in the regional area in which they are held. One way to get around the latter problem is to hold a “virtual job fair” that anyone, anywhere can attend.
nepotism
A preference for hiring relatives of current employees
rerecruiting
The process of keeping track of and maintaining relationships with former employees to see if they would be willing to return to the firm
Employee Referrals
The recruitment efforts of an organization can be greatly aided by employee referrals or recommendations from the firm’s current employees about potential candidates. In fact, word-of-mouth recommendations are the way most job positions are
filled.
found that the quality of employee-referred applicants
is normally quite high because employees are generally hesitant to recommend individuals who might not perform well. applicants who are referred by
a current employee, if hired, tend to remain with the organization longer as well.
negative factors including the possibility of corporate “inbreeding.”
Inbreeding occurs gradually as part of a three-stage trend. Attraction-Selection-Attrition. The result is an ultra-homogenized organization
Inbreeding occurs gradually as part of a three-stage trend.
According to the Attraction-Selection-Attrition model, in the first stage (Attraction), people with values similar to those of an organization are attracted to
it and become employees. In the second stage (Selection), these employees then choose applicants similar to themselves. In the final stage (Attrition), employees who do not fit in leave. The result is an ultra-homogenized organization.
Executive Search Firms
In contrast to public and private employment agencies, which help job seekers find the right job, executive search firms (often called “headhunters”) help
employers find the right person for a job. Executive search firms do not advertise in the media for job candidates, nor do they accept a fee from the individual being placed. The fees charged by search firms can range anywhere from 25 to 40 percent of the annual salary for the position to be filled. For the recruitment of senior executives, this fee is paid by the client firm, whether or not the recruiting effort results in a hire. Search firms receive the greatest criticism for this practice.
Educational Institutions
source of young applicants with formal training but relatively little full-time work experience. High schools are usually a source of employees for clerical and blue-collar jobs. Community colleges, with their various types of specialized training, can provide candidates for technical jobs. These institutions can also be a source of applicants for a variety of white collar
jobs, including those in the sales and retail fields. Some management trainee jobs are also staffed from this source. For technical and managerial positions, colleges and universities are generally the primary source
Professional Associations
Many professional associations and societies offer a placement service to members as one of their benefits. Lists of members seeking employment may be advertised in their journals or publicized at their national meetings.
Labour Unions
Labour unions have been a principal source of applicants for blue-collar and some professional jobs. needs. Employers wishing to use this recruitment
source should contact the local union under consideration for employer eligibility requirements and applicant availability.